deposit refund
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deposit refund (by Ken [WV]) Sep 5, 2010 10:56 AM
       deposit refund (by Gloria [TN]) Sep 5, 2010 11:37 AM
       deposit refund (by in [IN]) Sep 5, 2010 12:36 PM
       deposit refund (by Gwen [NY]) Sep 5, 2010 3:51 PM
       deposit refund (by Virden [OH]) Sep 6, 2010 4:06 PM

deposit refund (by Ken [WV]) Posted on: Sep 5, 2010 10:56 AM

State Specific Question About: WEST VIRGINIA (WV)

What does damage deposit consist of regarding a tenant moving out and asking for deposit refund?

deposit refund (by Gloria [TN]) Posted on: Sep 5, 2010 11:37 AM

The deposit consists of the amount of money they gave you as a deposit at the signing of the lease.

Is this what you are asking?

deposit refund (by in [IN]) Posted on: Sep 5, 2010 12:36 PM

The damage deposit is a refund of any money left over after deductions are made of repairs to the property that are a result of normal wear and tear, including utility bills.

Many states requite this accounting within a short period of time..20-45 days.

deposit refund (by Gwen [NY]) Posted on: Sep 5, 2010 3:51 PM

You can only deduct for repairs that are NOT the result of normal wear and tear. If they didn't leave the place as clean as when they rented it, you can also deduct cleaning expenses.

deposit refund (by Virden [OH]) Posted on: Sep 6, 2010 4:06 PM

IRS calls carpet a 7 year item, so if the tenant was there 40 months of 84 and the carpet is ruined beyond cleaning then they are responsible for 44/84th os the replacement carpet cost, other damage, unpaid lights, water/sewer, gas and refuse, deduct with photos and line by line descriptions and return anything left within your local/state laws time, some states allow a triple deposit return if the deadline is not met - look above in state laws and print them, make a notebook for your desk in your rental office.

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